Property News · January 26, 2017

Founder of iPhone screen vendor pays HK$2.8 billion for The Peak mansion


Yeung Kin-man, whose private company Biel Crystal Manufactory makes two out of every three iPhones sold in the world, has paid HK$2.8 billion (US$361 million) for a luxury home on The Peak, in a purchase that underscores how Hong Kong’s uber wealthy continue to defy the city’s market-cooling measures.
A property at No. 1 & 3 Pollock’s Path, measuring 51,000 square feet, was sold Thursday to a company called High Grand Development, according to Land Registry data. High…

Source : South China Morning Post
Read more…Founder of iPhone screen vendor pays HK.8 billion for The Peak mansion

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